Australia's largest stock trading and investment forum Australia's #1 stock forum

AGY

Click for more information

8.60%

8.5¢ argosy minerals limited

goes to show how much the negative sentiment is effecting...

First 8929 Last

Share
Profile

Follow
Dwnon4

1,968 Posts.

421

15/07/24

17:18

Post #: 74761895
Share

Originally posted by pierre23: ↑

Lots of movement at LTR. I think the US$250m investment by LG into a $2.4b company shows that AGY will struggle to get anywhere near that amount. Confirms 10ktpa will be quite a long way away in terms of being able to raise that kind of money for it, and would likely have to be made up of a combination of strategic investment + part-prepaid offtake + cap raising at market. I simply cannot see a major tier 1 throwing that kind of money at such a small company.

I would say income from 2ktpa would help, but reality is should anything be sold from their current stockpiles/production, it would be to keep the lights on and not have to tap the market to pay for day to day activities.

Crazy amount of dilution coming over the next couple of years. They need to get some value going into the company, and fast.

Expand

goes to show how much the negative sentiment is effecting negotiations. We will need to see a turn in sentiment before AGY signs a deal.

It would be fantastic if we can get the 2ktpa running to help AGY through the depressed market.

AGY Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

There are more pages in this discussion • 3 more messages in this thread...

First 8929 Last

Add AGY (ASX) to my watchlist

(20min delay)
Last 8.5¢		Change -0.008(8.60%)		Mkt cap ! $123.7M

Open	High	Low	Value	Volume
9.0¢	9.3¢	8.5¢	$362.9K	4.093M

Buyers (Bids)

No.	Vol.	Price($)
9	459867	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	93664	1

View Market Depth

No.	Vol.	Price($)
9	459867	0.085
3	99873	0.084
4	169062	0.083
3	336585	0.082
2	114691	0.081

Price($)	Vol.	No.
0.087	93664	1
0.088	232558	1
0.089	69615	2
0.090	91167	2
0.091	52101	2

Last trade - 16.10pm 15/07/2024 (20 minute delay)

AGY (ASX) Chart

SPONSORED BY